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Net sales of what's left of Adidas' former banner line of sneakers brought in about 750 million euros last year, compared with over 1.2 billion euros in 2022, the company reported. Of the 300 million-euro profit it earned from the sales of Yeezy shoes last year, the company said it had given away or planned to donate over 140 million euros (about $152 million). It blamed a high tax rate for ending the year with a net loss of 58 million euros, a massive turnaround from net income of 254 million euros in 2022. Looking forward, Adidas expects to make about 250 million euros in sales of the remaining Yeezy shoes this year. It said that North America was “particularly affected by the negative Yeezy impact” and that revenue there dropped 16% last year.
Persons: , it's, Ye, Philonise Floyd, George Floyd, what's, Adidas, Bjørn Organizations: — Adidas, Kanye, Adidas, Defamation League, Keeta Floyd Institute for Social Locations: Germany, North America, America, Paris
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to overhaul DEI to combat rising antisemitism, says ADL CEO Jonathan GreenblattAnti-Defamation League CEO Jonathan Greenblatt joins 'Squawk Box' to discuss the latest ADL survey results, which shows nearly 1 in 4 Americans are prone to believe in anti-Jewish conspiracy theories, how to combat the rise in antisemitism in America, latest developments in the Israel-Hamas war, and more.
Persons: Jonathan Greenblatt Organizations: Defamation Locations: America, Israel
Rapper Ye tore into Adidas in several Instagram posts on Monday evening, accusing his old sponsor-partner of selling "fake" Yeezys when the sportswear brand released a new version of the sneakers. This story is available exclusively to Business Insider subscribers. In a separate video post, Ye claimed that Adidas is suing him for $250 million and of "using contract clauses and 50 years of business experience to rape an artist." "I AM ADIDAS ADIDAS RAPED AND STOLE MY DESIGNS," Ye's Instagram caption partially said. AdvertisementThe press office for Adidas did not immediately respond to a request for comment sent outside regular business hours by Business Insider.
Persons: Ye, yall Organizations: Adidas, Business, The New York Times, ADIDAS ADIDAS, Defamation League, Keeta Floyd Institute for Social
CNN —At least 63% of American Jews said their place in American society is less secure than a year ago, according to a new report released Tuesday by the American Jewish Committee. The share of American Jews who said the status of Jews in the United States has become less secure increased 22 percentage points when compared to last year’s survey. The American Jewish Committee has commissioned a survey on the state of antisemitism in the US annually since 2019. Nearly half of American Jews said they think antisemitism is taken less seriously than other forms of hate and bigotry, according to the survey. That’s compared to 38% of American Jews in 2022, according to the advocacy organization.
Persons: Ted Deutch, , Organizations: CNN, American Jewish Committee, Antisemitism, American Jewish, Defamation League Locations: , America, United States, Israel
DUBAI, United Arab Emirates (AP) — Meta has removed Instagram and Facebook accounts run on behalf of Iran's Supreme Leader Ayatollah Ali Khamenei after criticism over his support for Hamas after its Oct. 7 attack on Israel that sparked the monthslong war still raging in the Gaza Strip, the company confirmed Friday. Khamenei and accounts associated with the supreme leader had been praising the Hamas attack on Israel that killed 1,200 people and saw some 250 others taken hostage. Immediately after the attack, Khamenei backed Hamas in a speech, saying: “We kiss the hands of those who planned the attack on the Zionist regime." Iran has provided arms and support to Hamas, though Tehran isn't believed to have directed the Oct. 7 attack. “He’s used these platforms for years to incite violent antisemitism, to legitimize militant anti-zionism and to make genocidal threats,” Greenblatt wrote online.
Persons: — Meta, Ayatollah Ali Khamenei, Khamenei, Donald Trump, Mahsa Amini, Tehran isn't, Yemen's, Jonathan Greenblatt, Meta's, “ He’s, ” Greenblatt Organizations: United Arab Emirates, , Iran's, Organizations, U.S ., United Nations, U.S, Trump, Facebook, Green Movement, Twitter, Zionist, Defamation League Locations: DUBAI, United Arab, Israel, Gaza, Menlo Park , California, Iran, America, Tehran, East
CNN —Turn over a trove of documents about antisemitism on campus or face a subpoena. “If the above priority requests are unfulfilled by the deadline set above, the Committee is prepared to issue a subpoena,” Foxx wrote. Garber, who replaced Claudine Gay after she stepped down last month, has signaled Harvard will cooperate with the House investigation. That document is a set of recommended goals and steps to address antisemitism by Harvard’s antisemitism advisory group. Most of the documents Harvard has turned over are publicly available, including more than a thousand pages of student handbooks and university rules, according to the House committee.
Persons: Virginia Foxx, Foxx, ” Foxx, Alan Garber, Penny Pritzker, Garber, Claudine Gay, Crimson, , Organizations: CNN, House Education, Workforce Committee, Harvard University, Wednesday, Harvard, Ivy League, Harvard Corporation, Defamation Locations: Israel, Harvard
New York CNN —Former Merck CEO Ken Frazier and KKR co-CEO Joseph Bae are joining Harvard University’s top board as the Ivy League school seeks to turn the page on a tumultuous period. Harvard announced the changes on Sunday evening, saying Frazier will start Wednesday to fill the open seat on the Harvard Corporation, the powerful yet secretive board under fire its handling of the recent controversies. Frazier, who graduated Harvard Law School in 1978, served as CEO of Merck and sat on the board of ExxonMobil, is widely respected in the business community. In 2017, Frazier quit former President Donald Trump’s manufacturing council in response to Trump’s initial failure to condemn white supremacists. Bae graduated from Harvard in 1994 and today he’s one of the most powerful private equity executives in the world.
Persons: Ken Frazier, Joseph Bae, Frazier, Bae, Paul Finnegan, Claudine Gay, , Alan Garber, Penny Pritzker, ” Harvard, Pritzker, megadonor, Gay, Donald Trump’s, Catalyst, Garber Organizations: New, New York CNN, Merck, KKR, Harvard University’s, Ivy League, Harvard, Harvard Corporation, Corporation, Democratic Party, Harvard Law School, ExxonMobil Locations: New York, Asia
These are the toxic themes espoused in right-wing media, delivered each day through a mix of internet pipelines and broadcasts to millions of homes across the country. It’s part of a larger trend of right-wing violence afflicting the country. And it proliferates on social media platforms, where right-wing extremists maintain a loud presence and boast millions of followers. Rarely will you see a segment about the information crisis on the evening news or delivered prominently via other vessels of mainstream media. The language they use, she said, “winks at,” “nurtures,” and “flirts with violence,” but also offers them just enough “plausible deniability” when things go south.
Persons: Sinister globalists, , , Donald Trump’s, Alex Jones ranted, ” Andrew McCabe, ” McCabe, you’re, ” Luke Baumgartner, ” Baumgartner, ” Juliette Kayyem, Kayyem, ” Kayyem Organizations: New, New York CNN, YouTube, Buffalo, El, El Paso Walmart, U.S . Capitol, Defamation League, ADL, Fox News, Klan, Extremism, George Washington University, Media, Republican Party, Homeland Security, Security, Global Health, Harvard’s Kennedy School of Government Locations: New York, America, Charlottesville, Charleston, El Paso, today’s America, U.S
Adidas says it plans to sell its remaining stocks of Yeezy sneakers worth nearly $300 million. "The company plans to sell the remaining Yeezy product at least at cost in 2024," Adidas said in a press release Wednesday. The German sportswear retailer had previously planned to write off roughly 300 million euros ($324 million) of Yeezy inventory. It now plans to sell around 268 million euros ($289 million) of its remaining stock. AdvertisementAdidas said that it had sold Yeezy stock worth 1.2 billion euros in 2022 and 750 million euros in 2023, the latter of which generated a preliminary operating profit of around 300 million euros.
Persons: Ye, , Bjørn, George Floyd, Gulden Organizations: Adidas, Service, Kanye, Twitter, Defamation League, Keeta Floyd Institute for Social, Business, Argentine
Owner Abdul Elenani hosted a Shabbat dinner to foster dialogue and thank those who stood by him. Fluffy pita was piled next to enormous loaves of challah bread, a traditional Jewish Shabbat dinner staple. Over 1,300 people showed up to Ayat's free community Shabbat dinner. A range of perspectivesAyat's Shabbat dinner attracted people from various backgrounds and perspectives who may not normally have shared a meal together. If Ayat's packed Shabbat dinner is any indication, people are hungry for such spaces now more than ever.
Persons: Abdul Elenani, , pita, Ayat, Talia Lakritz, Yousef Munayyer, Elenani, we're, it's, I'm, Masoud, Paula Rackoff, Myriam Marques, Abby Stein, Ellen Lippmann Organizations: Service, Defamation League, Facebook, New York Post, Physicians for Human Rights, Racial, Economic Locations: Palestinian, NYC, Israel, Ditmas, New York City, Palestine
Adidas announced on Wednesday that it won't write off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes "at least" at the cost it paid for them, as the apparel retailer looks to recoup its losses. The company attributed the profit to its "better-than-expected operational business" during its fourth quarter and the decision to sell the majority of the remaining Yeezy inventory. Instead, the company plans to sell the remaining Yeezy product at least at cost in 2024," Adidas said in a news release. CEO Bjørn Gulden added: "Our consumer, retail and trade research has shown that we can sell this remaining inventory in 2024 for at least the cost price. It's not clear if Adidas will donate any portion of the remaining Yeezy sales.
Persons: Ye, Bjørn Gulden, George Floyd, It's Organizations: Adidas, Defamation League, Keeta Floyd Institute for Social, CNBC PRO Locations: Chicago
Anti-Muslim Incidents Jump in US Amid Israel-Gaza War
  + stars: | 2024-01-29 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +2 min
Rights advocates have noted a rise in Islamophobia and anti-Palestinian bias in the U.S. and elsewhere since the eruption of war in the Middle East. BY THE NUMBERSThe Council on American-Islamic Relations (CAIR) said on Monday it has received 3,578 complaints during the last three months of 2023, amid what it called "an ongoing wave of anti-Muslim and anti-Palestinian hate." Complaints of employment discrimination led the list with 662 instances; hate crimes and hate incidents were reported 472 times; and education discrimination 448 times, the organization said. Earlier this month, the Anti-Defamation League said that in the three months after Oct. 7, U.S. antisemitic incidents rose by 360% compared to the prior year. The U.S. Justice Department is monitoring rising threats against Jews and Muslims amid the conflict.
Persons: Kanishka Singh WASHINGTON, Israel's, Joe Biden, Kanishka Singh, Heather Timmons, Matthew Lewis Organizations: Hamas, Islamic Relations, Defamation League, U.S, U.S . Justice Department Locations: U.S, Israel, Gaza, Vermont, Illinois, Palestinian, Washington
Lawmakers in more than a half-dozen U.S. states are pushing laws to define antisemitism, triggering debates about free speech and bringing complicated world politics into statehouses. Bill supporters say that more than 30 states have adopted the definition in some way over the years. Since the Israel-Hamas war erupted, several states have passed resolutions condemning Hamas and voicing support for Israel. Some protesters gathered in the capitol in Indiana this month before the House unanimously advanced a bill incorporating the definition there. How colleges are acting to prevent or stop antisemitism on campus has become a hot-button issue across the country.
Persons: , Esther Panitch, Brian Kemp, Kenneth Stern, Stern, , Israel, Bill, , Brian Hauss, they're, Fred Deutsch, Lara Freidman, Ruwa, Yaqoub Saadeh Organizations: Democratic, Georgia's, Republican Gov, Holocaust, Alliance, Bard Center, Jewish Voice, Peace, CAIR, Defamation League, Israel, U.S . State Department, American Jewish Committee, U.S . Congress, American Bar Association, ACLU, Rep, Republican, Foundation for Middle East, Georgia State Rep, Eastern Student Association, Indiana University – Purdue University Indianapolis, Harvard, University of Pennsylvania Locations: statehouses, Israel, Gaza, Georgia, Indiana, South Dakota, New York, Iowa, Virginia, U.S, Palestinian
CNN —Elon Musk, who spends much of his time on futuristic endeavors, took a step into history on Monday. Like in other entities where an upsurge in antisemitic activity started making headlines, Musk was taking performative action at Auschwitz. It was an effort to appear to be taking action while doing nothing. After his visit to the death camp, Musk appeared at a conference on antisemitism in nearby Krakow, Poland. President Claudine Gay was asked in Congress if calls for genocide against Jews violate Harvard rules against bullying and harassment.
Persons: Frida Ghitis, CNN — Elon Musk, Musk, “ Hitler, , ” Musk, dumbest, George Soros “, Ted Deutch, Elders of Zion, X, , Tucker Carlson, Claudine Gay, Israel “, Israel, he’s “, Alan Garber, Garber, Derek Penslar, Penslar, Larry Summers Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, Center, Twitter, Defamation, American Jewish Committee, Elders of, Media Matters, Apple, Disney, IBM, Media, Harvard University, Harvard, Jewish, Harvard’s, Jewish Studies Locations: Auschwitz, Israel, Gaza, United States, Krakow, Poland
Elon Musk attended a conference held by the European Jewish Association on Monday. "I have twice as many Jewish friends as non-Jewish friends," he told Ben Shapiro. The European Jewish Association organized the trip and held a conference later on Monday in the nearby Polish city of Krakow. Advertisement"I have twice as many Jewish friends as non-Jewish friends," Musk said as Shapiro laughed in the background. AdvertisementFollowing the row with the ADL, Musk described himself as "aspirationally Jewish" to Shapiro in a September X space.
Persons: Elon Musk, Musk, Ben Shapiro, , Shapiro, Tesla, I'm Organizations: European Jewish Association, Service, Defamation League, ADL, Apple, Disney, IBM, New York Times DealBook Summit Locations: Auschwitz, Nazi, Poland, Polish, Krakow, Israel
New York CNN —Israeli hostage posters that were hung up at Harvard University had been vandalized with antisemitic messages just as students returned from winter break. Footage shared with CNN by Harvard student Alexander Kestenbaum shows a handful of hostage posters defaced with messages such as “Israel did 9/11.” A poster of a four-year-old Israeli hostage was defaced, while “LIES FAKE” was scrawled over another hostage poster. Photos and videos geolocated by CNN indicate the vandalized posters were hung just outside Holworthy Hall, a first-year student dorm located on the northern edge of Harvard Yard. The Harvard spokesperson said the vandalized posters near the Thayer Gate have been removed and the Harvard University Police Department is investigating the incident. “Instead, they were confronted with vandalism, the defacement of hostage posters, and vile antisemitic conspiracy theories.
Persons: , Alexander Kestenbaum, Israel, , It’s, Kestenbaum, Claudine Gay’s, Jonathan Greenblatt, ” Greenblatt, Getzel Davis, ” Davis, Alan Garber, ” Garber, Larry Summers, Derek Penslar, Summers, Penslar, nauseous, Celina Tebor, Michelle Watson, Nic, Anderson Organizations: New, New York CNN, Harvard University, Harvard, CNN, Harvard Yard, Harvard University Police Department, Cambridge, Visitors, Harvard’s, Equity, Diversity, Defamation, Harvard Hillel, American Academy for Jewish Research, Columbia University, NYPD, Columbia Locations: New York, Harvard’s, Holworthy, Cambridge , Massachusetts, Israel
Elon Musk has faced accusations of tolerating antisemitic messages on his X platform. Musk sparked an outcry when he called a post that accused Jews of hating white people "the actual truth." More than 1.1 million people were murdered by Nazis and their henchmen at Auschwitz during World War II. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementKRAKOW, Poland — Tesla CEO Elon Musk, who has been accused of allowing antisemitic messages on his social media platform, X, visited the site of the Auschwitz-Birkenau death camp on Monday.
Persons: Elon Musk, , Tesla, Musk's, Ben Shapiro, Musk, Elon, Rabbi Menachem Margolin, Gidon Lev, Shapiro Organizations: Service, European Jewish Association, Defamation League, White, Disney, IBM, Media Matters, Media, X Corp, Daily Locations: KRAKOW, Poland, Auschwitz, Polish, Krakow, Washington, Oswiecim, Nazi, Roma, Soviet
New York CNN —Elon Musk — who was widely criticized for an antisemitic post on his social media site, X, two months ago — said following a visit to Auschwitz Monday that X has less antisemitic content than other social media platforms. Musk made the comments during an interview at a conference hosted by the European Jewish Association near the site of the Auschwitz in Poland. It comes after Musk faced a firestorm of backlash over antisemitic content on X, including a post with an antisemitic conspiracy theory that Musk himself amplified (and later apologized for in the wake of condemnation.) Musk later apologized for the post, but told advertisers who halted their spending on X over concerns about antisemitic content to “go f**k” themselves. As part of Monday’s event, the billionaire appears to have made a visit to Auschwitz along with his young son.
Persons: New York CNN — Elon Musk, , Musk, “ It’s, you’ve, ” Musk, we’ve, Whites, , Elon Musk, Andrzej Rudiak, Organizations: New, New York CNN, Auschwitz, European Jewish Association, White, Defamation League, ADL Locations: New York, United States, Auschwitz, Poland, Israel, Nazi
KRAKOW, Poland (AP) — Elon Musk, who has been accused of allowing antisemitic messages on his social media platform, X, visited the site of the Auschwitz-Birkenau death camp on Monday. Musk laid a wreath at the wall of death and took part in a short memorial ceremony and service by the Birkenau memorial,” the EJA said in an email. Musk was set to discuss antisemitism online with Shapiro at the conference in Krakow, which was held before International Holocaust Remembrance Day on Jan. 27. More than 1.1 million people were murdered by the Nazis and their henchmen at Auschwitz during World War II. Most who were killed were Jews, but the victims also included Poles, Roma, Soviet prisoners of war, and others.
Persons: — Elon Musk, Musk's, , Ben Shapiro, Musk, Elon, Rabbi Menachem Margolin, Gidon Lev, Shapiro Organizations: European Jewish Association, Defamation League, White, Disney, IBM, Media Matters, Media, X Corp, Daily Locations: KRAKOW, Poland, Auschwitz, Polish, Krakow, Washington, Oswiecim, Nazi, Roma, Soviet
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatred of Jews is a universal problem and demands a universal response: ADL CEO Jonathan GreenblattAnti-Defamation League CEO Jonathan Greenblatt joins 'Squawk Box' to discuss the global battle against antisemitism, how extremism and hate affect markets, and more.
Persons: Jonathan Greenblatt Organizations: Defamation
But one topic dominating a lot of discussion among U.S. business leaders and policymakers has been largely missing from the official agenda: rising antisemitism after the Oct. 7 Hamas-led attacks on Israel. Only one panel to discuss the topic is on the agenda out of the forum’s hundreds of presentations. The panelists at the session this afternoon include Doug Emhoff, the husband of Vice President Kamala Harris; Michal Herzog, the wife of Israel’s president; and Jonathan Greenblatt of the Anti-Defamation League. (Isaac Herzog, Israel’s president, spoke this morning.) “I’m disappointed that there isn’t more of a conversation about antisemitism here,” Leon Kalvaria, the chairman of Citigroup’s Institutional Clients Group and a longtime Davos attendee, told DealBook.
Persons: Doug Emhoff, Kamala Harris, Michal Herzog, Jonathan Greenblatt, Isaac Herzog, “ I’m, ” Leon Kalvaria, DealBook, Organizations: Economic, Defamation League, Group Locations: Davos, Switzerland, Ukraine, U.S, Israel
105 Democrats voted no or "present" on a resolution that declared "anti-Zionism is antisemitism." Advertisement105 House Democrats on Tuesday declined to vote for a resolution condemning antisemitism, pointing to language that equates it with anti-Zionism. Nadler on Monday introduced his own resolution on anti-Semitism, arguing it goes further in mitigating the problem than the Republican-proposed resolution. Rep. Nadler: "The resolution states that all anti-Zionism is antisemitism. That's intellectually disingenuous or factually wrong…The authors if they were at all familiar with Jewish history & culture should know about Jewish anti-Zionism that was + is expressly not antisemitic."
Persons: Jerry Nadler, , Nadler, cjTReBocKW, Prem Thakker, David Kustoff, Mark Pocan, Thomas Massie, Rashida, Massie, Greg Landsman, Landsman Organizations: Jewish House, Service, Democrats, Democratic, New, Defamation League, Israel, Jewish Voice, Peace, Monday, Republican, Rep, Republicans, House, Republican Rep, Jewish Locations: New York, Israel, Brooklyn, Tennessee, Wisconsin, Kentucky, Michigan, Ohio
Republican congresswoman Liz Cheney speaks during the Anti-Defamation League's "Never is Now" summit at the Jacob Javits Convention Center in Manhattan in New York City, New York, U.S., November 10, 2022. In media interviews, Cheney said she was considering running for president next year as a third-party conservative candidate or on a bipartisan ticket that would include both a Republican and a Democrat. She cited Trump as a threat to democracy and the United States. She has kept her focus on the former president, echoing Biden in saying that another Trump presidency would threaten American democratic institutions. Trump has denied any wrongdoing and has vowed to carry out reprisals against those he perceives to have wronged him if elected again.
Persons: Liz Cheney, Jacob Javits, Donald Trump, Cheney, Trump, Democrat Joe Biden, Biden, Donald Trump’s, Dick Cheney, Susan Heavey, Doina Chiacu, Jonathan Oatis Organizations: Jacob Javits Convention, REUTERS, Rights, Republican, U.S, Capitol, White House, Democrat, Washington Post, Trump, Republican Party, USA, MSNBC, Thomson Locations: Manhattan, New York City , New York, U.S, United States, American, Washington
105 Democrats voted no or "present" on a resolution that declared "anti-Zionism is antisemitism." Advertisement105 House Democrats on Tuesday declined to vote for a resolution condemning antisemitism, pointing to language that equates it with anti-Zionism. Nadler on Monday introduced his own resolution on anti-Semitism, arguing it goes further in mitigating the problem than the Republican-proposed resolution. Rep. Nadler: "The resolution states that all anti-Zionism is antisemitism. Nonetheless, 95 Democrats voted for the resolution anyway, including Rep. Greg Landsman of Ohio, one of more than two dozen Jewish House members.
Persons: Jerry Nadler, , Nadler, cjTReBocKW, Prem Thakker, David Kustoff, Mark Pocan, Thomas Massie, Rashida, Massie, Greg Landsman, Landsman, Jamaal Bowman, Cori Bush, Gerry Connolly, Raul Grijalva, Pramila, Summer Lee, Alexandria Ocasio, Cortez, Ilhan Omar, Ayanna Pressley, Delia Ramirez, Bonnie Watson Coleman Organizations: Jewish House, Service, Democrats, Democratic, New, Defamation League, Israel, Jewish Voice, Peace, Monday, Republican, Rep, Republicans, House, Republican Rep, Jewish, New York Rep, Missouri Rep, Virginia Rep, Illinois Rep, Arizona Rep, Washington Rep, Pennsylvania Rep, Cortez of New York Rep, Minnesota Rep, Massachusetts, Michigan Rep Locations: New York, Israel, Brooklyn, Tennessee, Wisconsin, Kentucky, Michigan, Ohio, Missouri, Virginia, Chuy García, Alexandria, Cortez of, Minnesota, New Jersey
Bill Ackman thinks advertisers, including Disney, are treating Elon Musk's X unfairly. Ackman defended Musk, saying the X owner did not have "antisemitic intent." Until a share of X can be distributed to each American, Ackman thinks should be grateful Musk owns X. AdvertisementOnce again, hedge fund manager Bill Ackman is defending Elon Musk and his leadership of X. AdvertisementIn his post, Ackman again defended Musk, saying the X owner did not have "antisemitic intent."
Persons: Bill Ackman, Elon Musk's, Ackman, Musk, , Elon Musk, that's, @andrewrsorkin, @tiktok_us @instagram, Rtrv4WgEoK, Bob Iger, Instagram Organizations: Disney, Service, Elon, Apple, IBM, Media, New York Times, Facebook, Defamation League, Center, Musk, Business
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